Petrol price in India has been lowered by Rs 1.09 per litre, the second reduction in three and half months, while diesel rates have hiked by 50 paise a litre.
The revisions will be effective from midnight Thursday, Indian Oil Corp said.
“During the past fortnight, petrol prices have shown a downward trend while the INR-USD exchange rate has slightly depreciated,” IOC said in a release.
Allowing for local taxes, petrol per litre will cost Rs 72.51 in Delhi, Rs 80.30 in Kolkata, Rs 80.60 in Mumbai and Rs 75.78 in Chennai.
